Cerity Partners LLC Has $987,000 Stock Position in Bank of Montreal (NYSE:BMO)

Cerity Partners LLC grew its holdings in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 109.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,939 shares of the bank's stock after acquiring an additional 5,705 shares during the quarter. Cerity Partners LLC's holdings in Bank of Montreal were worth $987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BMO. Signaturefd LLC lifted its holdings in shares of Bank of Montreal by 1.5% in the second quarter. Signaturefd LLC now owns 8,581 shares of the bank's stock valued at $720,000 after purchasing an additional 123 shares in the last quarter. Boltwood Capital Management increased its stake in shares of Bank of Montreal by 3.1% during the 3rd quarter. Boltwood Capital Management now owns 4,125 shares of the bank's stock worth $372,000 after purchasing an additional 125 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Bank of Montreal by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,580 shares of the bank's stock valued at $300,000 after purchasing an additional 151 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Bank of Montreal by 34.6% in the first quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank's stock worth $56,000 after purchasing an additional 160 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in Bank of Montreal by 17.9% during the second quarter. Whittier Trust Co. now owns 1,092 shares of the bank's stock valued at $92,000 after buying an additional 166 shares in the last quarter. Institutional investors own 45.82% of the company's stock.

Analyst Ratings Changes

BMO has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded Bank of Montreal from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Barclays dropped their target price on shares of Bank of Montreal from $132.00 to $126.00 and set an "overweight" rating on the stock in a report on Wednesday, August 28th. TD Securities cut shares of Bank of Montreal from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. StockNews.com lowered Bank of Montreal from a "hold" rating to a "sell" rating in a research note on Thursday, August 29th. Finally, Scotiabank downgraded Bank of Montreal from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $123.00 to $112.00 in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $119.75.

Bank of Montreal Stock Performance

Shares of NYSE BMO traded up $4.32 during trading hours on Thursday, reaching $99.58. The stock had a trading volume of 2,259,031 shares, compared to its average volume of 895,378. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $100.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.98 and a quick ratio of 0.98. The business's fifty day moving average is $93.07 and its two-hundred day moving average is $88.38. The company has a market cap of $72.65 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 2.59 and a beta of 1.10.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.